Latest China DCM news

• G-SIBs enjoy aggregate drop in requirements

  

  Europe’s banks continued to lose global significance, according to the Financial Stability Board’s 2018 list of global systemically important banks (G-SIBs), although Groupe BPCE was re-added to the list. The French bank says this will not affect its funding plans.

  • 01:00 PM

• Asian issuers push out bonds in pre-holiday rush

  

  A flurry of Asian bond issuers have ventured out in a bid to wrap up deals ahead of the Thanksgiving holiday in the US on Thursday, even as markets remain on shaky ground.

  • 08:45 AM

• Country Garden preps refi of jumbo January CB

  

  Country Garden Holdings is looking to issue a new convertible bond to refinance a billion-dollar CB coming up for maturity in early 2019, according to a banker familiar with the matter.

  • 06:45 AM

• The week in renminbi: Individual investors can purchase local government debt, China and Russia tighten trade connections, Stock Connect celebrates fourth anniversary

  

  In this round-up, wealthy Chinese individual investors now have access to local government bonds, Russian and Chinese leaders in the financial industry are meeting to strengthen mutual market access, and northbound trading volume via Stock Connect reached Rmb8.77tn.

  • 05:15 AM

• Sun Hung Kai gets warm Panda welcome

  

  Sixteen months after receiving its Panda issuance quota, Sun Hung Kai Properties (SHK) raised Rmb1.2bn ($173m) from its debut deal, pulling off the cheapest two year Panda bond in 2018.

  • 16 Nov 2018

• China HY steady despite Agile’s wide print

  

  Property developer Agile Group Holdings raised $400m from a two year bond at a generous level on Thursday. But the Chinese company is still faced with heavy near-term debt maturities.

  • 16 Nov 2018

• China may be first to cut green loan risk weights after Ma calls for it

  

  Ma Jun, a member of the People’s Bank of China’s monetary policy committee, has come out in favour of altering bank capital rules to give lower risk weights for green assets — which could be a sign the PBoC is close to adopting the policy. He calls on China to lead the way and argues there is evidence green assets are less risky.

  • 15 Nov 2018

• State Power recharges China’s perp market

  

  State Power Investment Corp’s $500m senior perpetual bond attracted plenty of demand in both the primary and secondary markets, despite coming with a structure that has fallen out of investor favour for much of 2018.

  • 15 Nov 2018

• Sichuan Transportation jumps in ahead of LGFV rush

  

  Chinese local government financing vehicle (LGFV) Sichuan Transportation Investment Group Corp raised $350m from a three year bond on Wednesday, piercing through the secondary trading levels of its closest comparables.

  • 15 Nov 2018

• ICBC NY’s dual-tranche dollar floater attempt deflates

  

  Chinese bank ICBC was forced to cancel its dual-tranche bond on Wednesday as a result of market conditions.

  • 15 Nov 2018

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